The year is 2011. In Europe, countries such as Greece, Italy, Spain, Portugal, and Ireland are on the verge of bankruptcy, threatening the euro with collapse. In the United States, some of the most populous states, such as California, New York, and Michigan, are on the verge of bankruptcy. In Washington DC, the United States Congress makes history by debating for months how to address the ballooning federal debt, ultimately revealing the impotence of Congress for solving the long-term fiscal problem. What is wrong? The problem is that the form of government known as republic or representative democracy is inherently flawed. Inherent in representative democracy are structural mal incentives that motivate representatives to approve spending in order to support worthy causes that will please constituent groups. The result is growth of government spending without limit. This process has been evident over the past century in democratic governance worldwide. In this groundbreaking book, computer scientist and political scholar Philip Bitar introduces his theory of commerce and government, and, in light of the theory, Dr. Bitar reveals how to solve the fiscal problem. Additional topics Chapter 8 has been added to further develop topics in antebellum history and governance theory that are relevant to the material of the earlier chapters. You can see the topics in the table of contents of the look-inside feature on this webpage. For more info, visit www.ThePeoplesAmendment.com. IMPORTANT NOTE: To get the latest version, order the book new from Amazon directly because they print it when you order it.
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